Wood River times. [volume] (Hailey, Idaho) 1882-1915, 1887-11-01
REVIEW Of TRADE,
K. u. Dun & Co.'s Report Of the Con.
dition Of Business for the Week End.
Ing October 2S, 1887.

dition Of Business for the Week End.
ing October 2s, 1887.
New York, October 90, 1857
The markets show the influence Of
two powerful opposing forces. A
great expansion Of currency, with
ease following stringency in money
markets of chief cities, tends to lift
prices and revive speculation. But q
shrinkage in demand for many pro.
ducts, the natural result of partial
failure Of crops, makes distribution
less active and collections less prompt
than many expected, while losses in
past speculations, and the beginning
Of reaction in real estate, make the
prospect les3 favorable in some sec.
tons.
The improvement in prices, for
which men looked in vain week ago,
has appeared in several markets.
Stocks sank last Saturday to the low.
est average for p months, but have
improved considerably during this
week. Wheat has risen IT cents,
speculation growing active at Chicago
again. Corn has advanced about /
cent, though hogs and pork products
have slightly declined. Cotton is u
shade higher, with large speculative
purchases based on reports Of dam.
aging frosts. Oil has risen 3 cents;
sugar is made strong by the forma-
ton Of trust to control refining !;
wool is more firm, though not higher;
the leather market is better, and
prices of cattle are u shade higher.
Coffee fell to - cents Wednesday,
but has recovered slightly. Copper
is an eighth lower, but tin has nd.
vanctd, with some excitement.
Looking to leading branches #
trade and industry, outside OF specn-
lative markets, we find 81 gns of de.
c'easing consumption. Steel rails
continue weak, aud the fact comes
out that orders for 1888 delivery thus
far cover onlv $4,000 tons new busi.
ness. At Pittsburg the demand is
almost nj, and pi. iron is weak. The
reasoning that shri"kage in railroad
consumption will he compensated by
larger use in other directions is met
by the prospect that building Of ali
so,,s has gone on at such rate that
reaction is probable. aud the Ahate-
ment of real estate speculation at
many points checks further construc-
ton for the time. Wool sales con.
tinue 40 per cent below those of las,
year at Boston, aud the goods trade
offers no promise of improvement to
manufacturers. Dry goods are mod
erltely active for the season, and
some kinds OF cotton goods have
been advanced, but in other quarters
distribution is found less prompt than
was expected; print cloths are lower
a, 81 cents, and foreign goods move
slowly in all departments.
The grocery trade shows the effect
of shrinking demand in several
branches, and the outlook Is not re
garded as entirely satisfactory. But
ter is weak and unsettled; coffee
hesitates in part because distribution
has not yet met expectations; spices
are dull for the same reason, and tea
is weakened by accumulation Of
stocks. The boot and shoe trade is
satisfactory; good buying and good
paving are noted. The Northwestern
lumber business is made more active
by reduction of rail rates, and the
-four movement at Minneapolis is
large. Coal consumption in Septem-
Der was also much larger than in the
same month last year, but the Lee
high strike continues; large strike
of shoemakers At Philadelphia has
commenced, and labor disturbances
are growing more frequent
Interior towns generally report slow
collections, though Improvement is
noted at ST. Paul, New Orleans, and
a few other points. Money is still
tight, or decidedly close at many
Western cities, and closer than be-
fore at Chicago, with continuing
movement to tho country. While
trade is generally reported large in
volume, and exchanges continue larger
than last year, the slowness of col
lectons indicates less satisfactory dis
tribution than was anticipated.